Western Asset Emerging Markets Debt Fund
EMD
49 hedge funds and large institutions have $100M invested in Western Asset Emerging Markets Debt Fund in 2013 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 13 increasing their positions, 19 reducing their positions, and 9 closing their positions.
40% more capital inflows, than outflows
Capital inflows: $20.5M | Capital outflows: $14.7M
1.1% more ownership
Funds ownership: 16.94% → 18.04% (+1.1%)
0% more funds holding
Funds holding: 49 → 49 (0)
0% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 9
32% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Saba Capital Management
New York
|
+$8.73M |
| 2 |
Morgan Stanley
New York
|
+$2.99M |
| 3 |
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.3M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$1.23M |
| 5 |
Wolverine Asset Management
Chicago,
Illinois
|
+$1.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$5.03M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.26M |
| 3 |
Montecito Bank & Trust
Santa Barbara,
California
|
-$1.12M |
| 4 |
Guggenheim Capital
Chicago,
Illinois
|
-$959K |
| 5 |
Raymond James & Associates
St Petersburg,
Florida
|
-$865K |
EMD Hedge Fund Activity: Q3 2013 in Review
49 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Western Asset Emerging Markets Debt Fund (EMD) for Q3 2013, worth a combined $100M — up 3.8% from $96.2M a quarter earlier.
Fund positioning in EMD was balanced in Q3 2013: 9 funds opened new positions, 9 closed out, 13 added to existing stakes and 19 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $8.73M. The largest seller was Royal Bank of Canada, cutting an estimated $5.03M.
- 49 institutional investors held Western Asset Emerging Markets Debt Fund (EMD) as of Q3 2013, unchanged from Q2 2013.
- Funds reported $100M of Western Asset Emerging Markets Debt Fund stock for Q3 2013, up 3.8% quarter-over-quarter.
- 9 funds opened new Western Asset Emerging Markets Debt Fund positions in Q3 2013 and 9 closed out, a net change of 0 holders.
- The largest Western Asset Emerging Markets Debt Fund buyer in Q3 2013 was Saba Capital Management, an estimated $8.73M added.
- The largest Western Asset Emerging Markets Debt Fund seller in Q3 2013 was Royal Bank of Canada, an estimated $5.03M sold.
Based on aggregated 13F filings for Q3 2013.